Powell Testimony
Fed chief Powell is set to begin two days of congressional testimony Tuesday, where he'll have the chance to explain the central bank's planned response to a more resilient economy. Last month, the Fed raised rates by a quarter-percentage-point, and investors will be looking clues for the amount of the hike at this month's March 21-22 meeting.
Currently, traders place a 69% chance of a quarter-percentage-point rate hike at the next meeting, according to the CME's FedWatch Tool.
Then, Friday will feature the Labor Department's February employment report. Nonfarm payrolls are expected to come in at 215,000 in February, down from January's 517,000 growth, per Econoday estimates.
Guidewire (GWRE) reported mixed fiscal-Q2 results late Monday. Shares climbed around 1% in extended trade. The stock is building a bottoming base with a 78.76 buy point.
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